Cape Town - There were 142000 job losses in the construction industry in the first quarter of the year, compared to the fourth quarter of 2018, Statistics SA has announced.
“The increase in the unemployment rate is a result of a decline of 237000 in the number of people in employment and an increase of 62000 in the number of people who were unemployed between the fourth quarter of 2018 and the first quarter of 2019,” said StatsSA. “There are several reasons for this decline. One of them is that the government does not have the money to finance some new infrastructure projects or it cannot make up its mind.
An example of the blackmail companies are subjected to was a joint venture between construction companies Aveng and Strabag International to build the Mtentu Bridge Project, worth R1.63billion, that fell through.
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